It's all in the title. This chart shows the entire market structure of the SPX from 1929 until now in an ascending wedge and just barely wicking over the top trend. We currently have met every pre-condition for a recession including a 2 year long yield curve inversion, bank unrealized losses 10X what they were prior to the crash of 2008, the Sahm rule having...
Wroking on a perfect 3 point trend touch on monthly bearish divergence. A multi-generational crash is coming. All of this while we have the longest period 10 yr bond yield curve inversion in market history and 10% of stocks holding 75% of the entire stock market cap as in 1929 before the great depression. Hold at your own risk and find out why they say don't...
Moonbois due to get the biggest disappointment since 1929 unless the top trend on the monthly RSI is broken and invalidated. Given the bearish divergence forming on the SPX in the monthly time frame, the hammer candle on the NDQ, and the 10 yr bonds back testing a potential break out, being all in on the market at this point is just dumber then a box of rocks....
Until we get a 3rd touch on the RSI trend and a reversal it isn't confirmed... but what are the chances of an invalidation on the monthly? Tread carefully people.
Broke trend and back testing former support. Needs to regain 707 and break back into the pattern building to an engulfing on 765 or alts are toast for the next few weeks. BTC.D continues to rally, even when BTC dumps and any pullbacks in it's dominance are being met with little demand for alts. This has been and probably will continue to be the trend for the...
The bottom trend shown here has been the finish line for every BTC rally for the last 15 years. You can clearly see that Tether dominance has moved down over twice the distance it did in the previous bull market. This indicates that very little retail money is present which corroborates the low volume, poor structure, and limited alt performance comparative to...
The whole market is definitely printing signs of topping structure as well as the fact that a myriad of black swan conditions is facing the economy right now. However, Tether dominance is showing that there may be a short term move up for BTC as Tether dominance has rejected it's top trend in a bear flag.
Long-term trend support on the linear has long been...
USDT.D has to stay under the 200 EMA or major correction inbound. RSI on high TF's looking extremely bearish for BTC so any manipulation to higher short liquidity will happen on the hourly TFs and under.
The trend support on USDT.D linear weekly has been the top indicator for BTC for 15 years. However, USDT.D has never been under it's 200 EMA on this TF before so proceed with caution. It's highly unlikely we break this trend and EMA's are lagging indicators but TA is an if/then proposition so use stop losses wisely. If it breaks I guess Tether dominance going to...
The key areas of support and resistance, marked with fib levels, EMA's, and trend lines, should help to determine continuance on the current bullish trend or invalidation.
Under the 200 EMA monthly and the 50 EMA for the first time in USDT.D history. Will Tether dominance break the long standing, macro trend support? If it does we should be looking for the next big support to be the 100 mo. EMA, If it were to break that level then will reassess situation and prepare for possible hyper-inflation.
I have marked this with an arrow to show where, in my opinion, that we are in this current rally compared to the 2019 rally. Note the Fibonacci placement and level correlation similarities.
Bear market rallies in bot 2015 and 2019 both recovered 70% of losses before revisiting lows prior to bull runs. Considering the duration of the current rally and continuing resets of the RSI on lower time frames, I think history tells us we can expect a repeat of these previous rallies to front run the recessionary pull back of the other indices.A 70% recovery...
If Bitcoin manages to break the long standing trend, the fibonacci gives it possibilities of 42. However, note that market makers may skip the limit orders shorts off of the TA and max RSI could come anywhere in between so best to put limit orders under the price action as it advances and make sure the RSI is overcooked.
